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Comprehensive Plan Conservation Element is reduced to ten (10) percent if the native upland area is preserved as one contiguous tract. When preserving 15 percent of the existing native upland area on a proposed development site is not practicable feasible, developers may, as an a last alternative, pay a fee -in -lieu. The fee -in - lieu payment is based on the current "per -acre" fair market appraised value of the project site multiplied by the number acres that would have been preserved under the 15 percent set-aside requirement derived from the current assessed value of one (1) acre of the project site (a with different assessed values). The assessed value is multiplied by the number of acres of Off-site preservation and/or type -for -type habitat creation is also considered an acceptable alternative to on-site preservation.. Since 1990, approximately -1-20 250 acres of native uplands have been preserved under conservation easement. Funds acquired through fee -in -lieu payments are specifically earmarked for acquisition and/or management of public lands. Listed below in Table 8.14 are the total acreages of each upland habitat community type that have been preserved through conservation easements. Therefore, the native upland preservation approach that was initiated by Indian River County's has proven highly successful. TABLE 8.14 UPLAND CONSERVATION EASEMENTS HELD BY INDIAN RIVER COUNTY (As of "Tovembef 99S March 2005) Upland Community Type Coastal Scrub Xeric Scrub Pine Flatwoods Tropical/Coastal Hammock Hardwood Hammock Cabbage Palm Hammock TOTAL Acreage (Rounded) 4-749 28 37.05 97 10.42 55 32.99 40 -9:94 24 5.51 6 117.71 250 To satisfy the discrepancy between the TCRPC's 25 percent set-aside requirement and the County's 10/15 percent set-aside requirement, the County agreed to acquire the acreages of native upland communities listed in Table 8.15. Indian River County Supplement # _ Ordinance #2005- Adopted Conservation Element Page 75 2005 Exhibit A Page 2